Career News 24/7: Reuters Money: Judge speeds up schedule in Apple versus Einhorn case

Tuesday, February 12, 2013

Reuters Money: Judge speeds up schedule in Apple versus Einhorn case

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02/12/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Judge speeds up schedule in Apple versus Einhorn case

SAN FRANCISCO (Reuters) - A judge approved Apple Inc's request to speed up the schedule in a lawsuit filed by star hedge fund manager David Einhorn's Greenlight Capital, part of an effort to get the company to share its huge cash reserves with investors.

Betting on Bear funds 2013 may be hazardous to your wealth

CHICAGO (Reuters) - There is such a thing as being too cautious - betting on fear to such an extent that it derails your portfolio.

The U.S. pet economy didn't go to the dogs

(Repeating from earlier Feb 88. The author is a Reuters contributor. The opinions expressed are his own.)

PIMCO flagship fund decreases mortgage holdings in January

NEW YORK (Reuters) - The PIMCO Total Return Fund, the world's largest bond fund run by Bill Gross, decreased its mortgage holdings to its lowest level since mid-2011, ahead of the prospect of higher interest rates and emerging inflationary pressures.

Two plead guilty in New Jersey over $65 million tax refund fraud

(Reuters) - A former U.S. Postal Service carrier and a co-defendant pleaded guilty on Monday over their roles in a scheme to obtain $65 million of bogus income tax refunds with taxpayers' stolen identities, one of the largest such frauds ever uncovered, U.S. Attorney Paul Fishman in New Jersey said.

Benjamin Edwards hires ex-UBS advisers, opens office

(Reuters) - Benjamin F. Edwards & Co, a boutique brokerage with family ties to the old A.G. Edwards & Sons, said on Monday it hired a team of advisers from UBS Wealth Management Americas to open a new office for the firm in Florida.

Insider trading informant gets year of probation

NEW YORK (Reuters) - Former Galleon hedge fund portfolio manager Ali Far was sentenced to a year of probation on Monday, after pleading guilty and cooperating with investigators in the Raj Rajaratnam insider-trading case.

Calpers, proxy firm support Apple on preferred stock proposal

SAN FRANCISCO (Reuters) - Apple Inc's move to eliminate from its charter the ability to issue preferred shares without first getting shareholder approval has received the support of the largest public pension fund in the United States, and an influential proxy firm.

U.S. Treasury in no rush to exit Ally Financial stake: source

(Reuters) - The U.S. Treasury, under pressure to quickly wind down its crisis-era bailouts, believes it will take time to shed auto lender Ally Financial because the company's mortgage lending unit is in a messy bankruptcy, a person familiar with the matter told Reuters.

Women a growing market for Canadian financial advisers

TORONTO (Reuters) - Canadian financial adviser Frances Summerhill has always felt a special connection with female clients, but her focus on serving women is about more than just rapport: she sees growth opportunities in their increasing wealth.